New York, New York- Despite strong economic data, US stocks fell on Thursday and the US dollar rose.
Higher-than-expected US Unemployment Weekly Report and May Private Wage Figures Point to Stronger Labor Market Conditions, Service Sector Activity Indicators Hit Record Levels and Economic Recovery solid. Shows. ” Reuters reported Thursday.
“Even though central bank officials have guaranteed the opposition, strong data could allow the Federal Reserve to withdraw support for the crisis sooner than expected.”
The Nasdaq Composite performed the worst, falling 141.82 points (1.03%) to 13,614.51.
The Dow Jones Industrial Average lost 23.34 points or 0.07% to 34,577.04.
The Standard and Poor’s 500 index lost 15.27 points or 0.36% to 4,192.85.
The greenback appeared on the forex market. The euro dipped to 1.2131 as the New York closing price approached. The British pound fell to 1.4106. The Japanese yen fell to 110.25 and the Swiss franc to 0.9034.
The Canadian dollar fell to 1.2105. The Australian and New Zealand dollars fell to 0.7657 and 0.7140, respectively.
On foreign stock markets, the German stock index rose 0.19%. In London, the FTSE 100 fell 0.61%. The Paris-based CAC 40 fell 0.21%.
In the Asian market, The Nikkei Stock Average in Tokyo was 111.97 points, or 0.39% over 29,058.11.
The Australian All Ordinary gained 41.80 points (0.56%) to 7,510.70.
Meanwhile, the Shanghai China Composite Index fell 0.36% to 12.93 points to 3,584.21.
US stocks fall despite good jobs statistics and the appreciation of the dollar
Source link US stocks fall despite good jobs statistics and the appreciation of the dollar